What Are the Top 10 Penny Stocks to Watch in 2021?

Introduction:

Penny stocks are a type of stock that is traded at a low price, usually under $5, making them a popular choice for investors who are looking for high returns with a relatively low investment. In this article, we will take a look at the top 10penny stocksto watch in 2021.

1. AMC Entertainment Holdings Inc. (AMC):

AMC Entertainment Holdings Inc. is a movie theater chain that has been hit hard by the pandemic. However, with the vaccine rollout, there is hope that the company will recover. Additionally, the company has raised enough capital to sustain itself through the pandemic, making it a potentially good investment opportunity.

2. GameStop Corp. (GME):

GameStop Corp. gained national attention in early 2021 after a group of amateur investors on Reddit caused a short squeeze in the stock, causing it to skyrocket. While the stock has since come back down, it is still worth keeping an eye on as the company continues to make changes to its business model.

3. Plug Power Inc. (PLUG):

Plug Power Inc. is a company that produces hydrogen fuel cells for electric vehicles. With the push towards green energy, this company is poised to do well in the coming years.

4. Sundial Growers Inc. (SNDL):

Sundial Growers Inc. is a cannabis company that has seen a lot of growth in recent years. With more states legalizing cannabis, this company is likely to continue to do well.

5. Castor Maritime Inc. (CTRM):

Castor Maritime Inc. is a shipping company that transports goods around the world. With the pandemic causing disruptions in the shipping industry, this company has the potential to do well in the coming years.

6. Zomedica Corp. (ZOM):

Zomedica Corp. is a veterinary diagnostic company that has recently released new products that could potentially revolutionize the industry. With the pet industry continuing to grow, this company is worth keeping an eye on.

7. BioPharmX Corp. (BPMX):

BioPharmX Corp. is a pharmaceutical company that is working on developing new treatments for acne. With the acne treatment market being a multi-billion-dollar industry, this company has the potential for significant growth.

8. Jaguar Health Inc. (JAGX):

Jaguar Health Inc. is a pharmaceutical company that focuses on gastrointestinal health. With the growing interest in gut health and the increasing prevalence of gastrointestinal disorders, this company could be a good investment opportunity.

9. Onconova Therapeutics Inc. (ONTX):

Onconova Therapeutics Inc. is a clinical-stage biopharmaceutical company that is working on developing new treatments for cancer. With the demand for cancer treatments continuing to grow, this company is worth keeping an eye on.

10. Naked Brand Group Ltd. (NAKD):

Naked Brand Group Ltd. is a fashion company that specializes in intimate apparel. With the rise of e-commerce, this company has the potential to do well in the coming years.

Conclusion:

Investing in penny stocks can be a high-risk, high-reward proposition. While these 10 stocks have the potential for significant growth, it is important for investors to do their due diligence before investing. Additionally, it is important to have a long-term investment strategy and not get caught up in short-term gains or losses.